Giuseppe Donaldo Nicosia

MEMBER OF THE ITALIAN SENATE (1996-2001) (2001-2013); MEMBER OF THE EUROPEAN PARLIAMENT FOR ITALIAN ISLANDS (1999-2004)

MARCELLO DELL’UTRI ASSOCIATES IN THE DATA:

RELATED TO

Italy

About

Giuseppe Donaldo Nicosia, an advertising executive, is on the lam from Italian authorities following accusations of involvement in a $50 million tax fraud scheme that allegedly sold advertising space and fraudulently claimed value added tax credits. Italian prosecutors allege that Nicosia reaped millions of dollars from the scheme for himself and partners, who included former Senator Marcello Dell’Utri, an ally of former Italian President Silvio Berlusconi and who is currently serving an unrelated seven-year jail sentence for collusion with the Italian mafia.

In the Data

Nicosia was the sole shareholder of the British Virgin Islands company Darion Trading Ltd, incorporated in May 2011. In November 2011, Nicosia, as an individual, sold two New York apartments opposite Carnegie Hall for $3.2 million to a Delaware company, Amadocia Inc. Darion Trading also signed the apartment purchase documents as sole shareholder and president of Amadocia Inc. In September 2015, the U.S. Department of Justice sought to enforce an Italian restraining order in U.S. courts that would constrain Nicosia from exercising any rights over his U.S. properties. But Amadocia sold the apartments in October for $3.72 million, before a court approved the Justice Department's request.

Response

Nicosia's lawyers did not respond to repeated requests for comment.

This visualization contains relevant information in relation to the profiled individual. Some additional connections might show up once we release the full structured data connected to the Paradise Papers investigation in the coming weeks.